Asian session:

The pound rose against the dollar for a second day before the Bank of England publishes the minutes of its last policy meeting.

Britain’s currency weakened versus the euro. Policy makers voted on April 7 to leave the benchmark interest rate at a record low 0.5 percent, judging support for the economic recovery should take precedence over tackling the fastest inflation in more than two years.

The Australian dollar rose to a record after a German report showed producer prices gained and before U.S. data that may show home sales increased, adding to signs the global recovery is gathering momentum.

Australia’s currency advanced for a second day against the greenback after a government report showed prices increased for the South Pacific nation’s exports, giving the central bank more reason to raise interest rates. The Australian and New Zealand dollars strengthened versus the yen as gains in commodities, which comprise more than half of the nations’ exports, spurred demand for higher-yielding assets.

Canada’s dollar advanced the most against its U.S. counterpart in two months and its debt declined as inflation accelerated the most since September 2008, spurring bets the Bank of Canada may resume raising borrowing costs.

EUR/USD: the pair grown above a mark $1.4400.

GBP/USD: the pair become stronger in around $1.6360.

USD/JPY: the pair shown high in the field of Y83.10 then decreased in around Y82.80.

The minutes of the latest Bank of England MPC meeting, in April, are due for release at 0830GMT along with the latest Trends in Lending data. Analysts do not expect any change in the split seen in March, where five
voted for unchanged policy. Posen's unchanged rate decision also came with a call for a further stg50 billion of QE, while Sentance voted for a 50bps hike and Weale & Dale looked for a 25bps hike. At this meeting,
the MPC would have had a preview of the March inflation data, which fell back unexpectedly.

US data starts at 1100GMT with the weekly MBA Mortgage Application Index data and continues at 1400GMT with Existing Home Sales, which are expected to rise to a 5.00 million annual rate in March after falling
9.6% in February. The supply of homes for sale has dipped in recent months as sales improved, but the reverse was true in February. US data rounds off with the weekly Crude Oil Stocks data at 1430GMT.

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